Allegro Funds
Private equity & cybersecurity: Dark clouds
From fraudulent drawdown notices to ransomware, private equity firms and their portfolio companies are increasingly vulnerable to cyber-attacks. Training and vigilance are paramount
COOs in Asia private equity: Horses for courses
The COO role is gradually becoming more prevalent in Asian private equity, but GPs struggle to find the right combination of financial skills and business acumen. The optimal candidate is often internal
Portfolio level HR: Human traffic
Private equity firms in Asia are paying more attention to recruitment at the portfolio level, in some cases allocating dedicated in-house resources. How is it impacting attitudes towards leadership change?
Allegro acquires Australasian furniture retail portfolio
Allegro Funds has agreed to acquire a portfolio of Australian and New Zealand furniture and household goods brands – including Best & Less, Harris Scarfe, Postie, and Debenhams Australia – from South Africa-based retail holding company Steinhoff International.
Deal focus: Allegro secures stake in Australia radiology business
The doctors who own and operate Perth Radiologic Clinic know Allegro Funds from their time as a subsidiary of I-Med Networks. This familiarity helped the Australian GP secure one of its largest-ever deals
Allegro backs Australia's Questas
Australian private equity firm Allegro Funds has confirmed its investment in local mining, construction and agricultural support services provider Questas Group.
GP profile: Allegro Funds
The first 15 years of Australia’s Allegro Funds have been marked by a series of changes both to the firm and its market. Adapting to meet them has proven to be one of the turnaround specialist’s greatest strengths
Q&A: Allegro Funds' Chester Moynihan
Chester Moynihan, founding partner of Australia-based turnaround specialist Allegro Funds, discusses deal sourcing, the impact of credit funds, and developing a coherent approach to operations
Portfolio: Allegro Funds and Carpet Court
Carpet Court’s attractive growth plan was held back by its structural weaknesses. Under the ownership of Allegro Funds, the company has new focus as the leader in New Zealand’s fragmented flooring industry
Australia distress: The luxury of time
Two pieces of legislation – one enacted and the other pending – are expected to facilitate corporate restructuring in Australia. It remains to be seen how turnaround investors take advantage of this
AVCJ Awards 2017: Operational Value Add: Great Southern Rail
Allegro Funds secured a 25x return on Great Southern Rail by helping the formerly no-frills Australian transport company find a new life as a stylized high-end tourism attraction
Australia's Allegro closes Fund III at $218m hard cap
Australia-based turnaround investor Allegro Funds has reached a final close on its third fund at the hard cap of A$290 million ($218 million) as well as raising A$92 million for a sidecar vehicle.
Australia's Allegro reaches first close on Fund III
Allegro Funds has reached a first close of more than A$200 million ($156 million) on its third fund. The Australian GP is no longer marketing to new investors and a final close near the hard cap of around A$300 million is expected before the end of the...
Allegro acquires Australian resources sector contractor
Allegro Funds Group has acquired a controlling stake in Terrex Seismic, an Australia-based services provider for the oil and gas, minerals and government geoscience research industries.
Australia mining: Desert stirrings
A stronger commodity price environment has spurred some opportunistic private equity investment in Australian mining services, but caution remains the mantra in this industry of capricious value drivers
Deal focus: Allegro brings driller back from the brink
Allegro carves out JSW Australia from bankrupt Hughes Drilling with a view to capitalizing on the country's gradual mining rebound
Allegro acquires Australian mining business
Allegro Funds Group has acquired Australian mine production and specialist drilling operator JSW Australia.
Deal focus: Allegro gets GSR back on track
Turnaround specialist Allegro sees opportunity in luxury tourist transportation venture
Quadrant buys Australia's Great Southern Rail from Allegro
Australia’s Allegro Funds is set for a first exit from its second fund – which closed at A$180 million ($139 million) in June of last year – having agreed to sell a majority stake in Great Southern Rail (GSR) to Quadrant Private Equity.
Deal focus: Allegro to revamp Pizza Hut’s recipe
Allegro Funds plans new store expansion for Pizza Hut Australia, but first the GP and its management team partners will make operational improvements to the existing business
Allegro acquires Pizza Hut Australia
Allegro Funds has acquired Pizza Hut Australia from US owner Yum Brands alongside a local management team comprising former McDonald’s executives.
Deal focus: Allegro exits transformed Vulcanite
Allegro invested in capacity and boosted international sales in order to turn Vulcanite from a corporate orphan into an independent player with strong growth prospects. The sale of the business to Continental generated a 2x return
Australia's Allegro completes sale of Vulcanite Holdings
Allegro Funds Group has exited Australia-based Vulcanite Holdings to German multinational Continental, five years after acquiring the molded rubber parts specialist through a management buyout.
Deal focus: Allegro secures smooth TSC exit
Australia's Allegro nets a 2.4x return as Engie moves early for industrial services provider TSC Group